Is this a massive Head and Shoulders pattern for Sugar? The head and left shoulder are complete but will the right shoulder form and head to the mid 7s?
Time will tell and we'll know by early 2025.
This all started in June 2014.
WisdomTree Natural Gas
Exchange Traded Commodity (ETC)
Noticed a potential repeating reversal pattern:
- Break above the 200 day
- Ascending triangle forming
- Rising RSI
Ideal Trade: Waiting for a break above the Triangle, enter then with a stop under the breakout point. We can revisit this and see how things progress. One to keep an eye on. Winter is...
Analysis of natural gas on the hourly chart
= The analysis is based on trend analysis and Dow Laws
= He crossed a downtrend to the top
=Build a successful Dow Swing from the bottom
= Exceeding the level 0.0103 to the top, the targets are 0.0107, then 0.0131
Scorpio Tankers company was the leader in a positive year for U.S. and Canada companies.
On the other hand, European and Russian companies did not have a good perfomance, war and consequences.
Finally, I've started scaling in on corn again. It's planned to be a thing of several weeks/months. Then let it go. By the time we're reaching the "scale out" point marked on the chart, the prices should be relatively higher than now. How high? I don't know. But it could be really high.
An explosion of volatility on oil, due to a mix of factors and obviously amplified by the situation in Ukraine.
I closed my position on the ETC this morning which reflects the performance of the CL1 futures with a profit of 165%
In my opinion, this volatility should be exploited, even though we are aware of no longer finding an entry price like this, this...
The coffee futures have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below.
According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying...
LSE:COFF
WisdomTree Coffee is designed to enable investors to gain an exposure to a total return investment in coffee by tracking the Bloomberg Coffee Subindex (the "Index") and providing a collateral yield.
WisdomTree Coffee is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on...
Difficult period, the market in January retraced from the highs of a decided 11%, after the end of the year had not been so excellent in terms of "Christmas rally".
In these drawdown periods, in addition to cutting losses, accumulating on long-term portfolios, we must try to take home the profits where the market has overperformed.
In my case, oil gave me a +...
Commodity price moves often end in a sharp spike which has not been witnessed yet with the current move in coffee. If price does spike higher a reasonable upside target is previous resistance at 1.8 (+27% move). However, there is some bearish divergence where the price is making higher highs but the relative strength index is making lower highs. This reflects a...
